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2018-11-06 16:14:27

GDDY

GoDaddy

$72.49

-0.61 (-0.83%)

16:14

11/06/18

11/06

16:14

11/06/18

16:14

GoDaddy authorizes $500M share repurchase

GoDaddy announces that its board of directors has approved the repurchase of up to $500M of the company's Class A common stock. GoDaddy may purchase shares from time to time in open market purchases, block transactions and privately negotiated transactions, in accordance with applicable federal securities laws. The program has no time limit and may be modified, suspended or terminated by the company at any time without prior notice.

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Nov

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GDDYGoDaddy

$72.49

-0.61 (-0.83%)

10/11/18

SBSH

10/11/18UPGRADETarget $86SBSHBuy

GoDaddy upgraded to Buy from Neutral at Citi

Citi analyst Mark May upgraded GoDaddy to Buy with an $86 price target. The analyst views the recent pullback in the shares as a buying opportunity.

10/11/18

SBSH

10/11/18UPGRADETarget $86SBSHBuy

Citi makes 'opportunistic' upgrade of GoDaddy to Buy

Citi analyst Mark May upgraded GoDaddy to Buy from Neutral with an unchanged price target of $86. The analyst is making an "opportunistic" upgrade following the recent pullback in the shares. He believes GoDaddy has reached valuation levels that warrant a Buy rating. The company is a "nicely" profitable, high free cash flow generative business with highly recurring subscription-based revenue, May tells investors in a research note.

10/11/18

10/11/18UPGRADE

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. GoDaddy (GDDY) upgraded to Buy from Neutral at Citi with analyst Mark May saying he views the recent pullback in the shares as a buying opportunity. 2. Lumentum (LITE) upgraded to Overweight from Neutral at JPMorgan with analyst Samik Chatterjee citing the recent pullback in the shares and a stronger outlook in telecom. 3. Lear (LEA) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he views the company as a "potential market share winner" with "solid" free cash flow and an "undemanding" valuation. 4. SiteOne Landscape (SITE) upgraded to Neutral from Sell at UBS with analyst Steven Winoker saying the stock now better reflects the company's near-term risks and long-term rollup strategy. 5. WSFS Financial (WSFS) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Michael Perito saying the pullback in shares since the August Beneficial Bancorp acquisition announcement overlooks the "critical merits of the transaction and the historic track record" of WSFS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

11/02/18

JPMS

11/02/18NO CHANGEJPMS

GoDaddy, Wix.com unaffected by VeriSign agreement, says JPMorgan

VeriSign (VRSN) last night announced that it reached an agreement with the Department of Commerce that gives the company the ability to once again raise prices on .com names by 7% max each of the last four years of its new six-year agreement, JPMorgan analyst Sterling Auty tells investors in a research note. This pricing flexibility is similar to what VeriSign had prior to 2012, the analyst adds. He believes that to the extent registrars can pass any price increases through to customers, like they did the last couple of price increases pre-2012, VeriSign's agreement should be a non-event to companies like GoDaddy (GDDY) and "definitely a non-event" to Wix.com (WIX), which he notes is not a registrar. However, if pricing in domains comes under pressure, any registry price increases could have an adverse effect on registrar gross margins like GoDaddy's (GDDY), says Auty.

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